AUD/USD Trade

2023年10月18日

Higher Time Frame Order Flow - Bearish:
On the higher time frame, there is a bearish order flow, indicating a potential downward movement in the AUD/USD pair. This suggests that there may be a prevailing sentiment among market participants favoring a decline.

1-Hour Time Frame - Bullish (Counter-trend):
Currently, the 1-hour time frame is displaying a bullish trend. This represents a counter-trend movement against the higher time frame bearish order flow.

Trade Strategy: Buy to Sell Transition:
Considering the counter-trend movement on the 1-hour time frame, you plan to initiate a trade by buying, with the intention of later transitioning to a sell position. This approach acknowledges the short-term bullish momentum but anticipates a potential reversal in alignment with the higher time frame order flow.

1-Hour Order Block:
Your entry plan involves waiting for price action to reach a significant level, namely the 1-hour order block. This is a critical area where substantial buying or selling activity previously occurred.

Lower Time Frame Confirmation:
Prior to executing the sell position, you're looking for confirmation on lower time frames. This could be in the form of a reversal pattern, a break of short-term support, or other technical signals that align with your sell bias.

Target: 4-Hour Order Block/Supply Zone:
The target for the buy position is set at the 4-hour order block or a known supply zone. These areas are historically important and may act as strong levels of support-turned-resistance.

Risk Management:
It's important to adhere to a strict risk management strategy, ensuring that no more than 0.5% of the total capital is at risk for this trade. This helps to limit potential losses and maintain discipline in trading.

Final Considerations:
Keep in mind that trading always carries risk, and it's essential to conduct your own research and consider seeking advice from a qualified financial advisor. Additionally, stay updated with relevant news and events that could impact the AUD/USD pair.

Remember, this outlook is based on the information provided and general trading principles. Always ensure that your trading decisions align with your risk tolerance and trading plan.